On the re-opening of SLPP Office … “We would never encourage violence” John Benjamin...

News in the ‘Business & Finance’ Category

Sierra Leone Business: Some of NASSIT’s equity investment may not pay back -Technical Audit

Tuesday, April 9th, 2019
Sierra Leone Business: Some of NASSIT’s equity investment may not pay back -Technical Audit

The National Social Security and Insurance Trust (NASSIT) has made 15 equity investment since 2004, with an initial capital outlay of Le202 billion (Le202,643,094,751.84). However since their acquisition these investments have performed dismally but management continue to increase its stake in them. Auditors after a technical review of the Trust’s portfolio have advised the NASSIT Management[…]

Sierra Leone News: KLM stops flights to Freetown, Monrovia 

Tuesday, April 9th, 2019
Sierra Leone News: KLM stops flights to Freetown, Monrovia 

Royal Dutch Airlines KLM has on the 29th of March 2019; stop flying to Freetown and Liberia. According to them the move is to make way for their new American route. The move is not totally unexpected because since last year, they had announced they will stop their three times a week flights to the two[…]

Sierra Leone News: SIERRATEL plagued with significant billing systems weaknesses

Tuesday, April 9th, 2019

A technical audit into the activities of the Sierra Leone Telecommunication Limited (SIERRATEL) by the Audit Service Sierra Leone (ASSL), significant weaknesses were identified on the billing systems with implications on data integrity revenue generations. The report which was released on Tuesday 2 April, 2019 listed three key issues. There were 74.4 million missing recharged voucher[…]

Sierra Leone Business: BSL and partners launch 2nd edition of FinTech challenge

Monday, April 1st, 2019
Sierra Leone Business: BSL and partners launch 2nd edition of FinTech challenge

When most of a country’s financial resources lie in the hands of the informal sector, money circulation becomes limited. This in turn affects the economic development of that country. The government will be short of money to use in sectors such as education, agriculture, health and so on. Unfortunately, Sierra Leone falls under this category.[…]

Sierra Leone Business: Orange 4G launch applauded by all

Monday, April 1st, 2019
Sierra Leone Business: Orange 4G launch applauded by all

It was colourful and full of pomp and pageantry when Orange CEO Aminata Kane launched the “rial” 4G network at the Radisson Blu Mammy Yoko Hotel. She said it took the company three months to get there, adding it was the fastest ever as they are primed to connect the entire country with 3G, after which[…]

Sierra Leone Business: Microfinance Institutions boasts of nearly Le168bn loan portfolio

Monday, April 1st, 2019
Sierra Leone Business: Microfinance Institutions boasts of nearly Le168bn loan portfolio

The Chairman of the Sierra Leone Association of Microfinance Institutions (SLAMFI) Archibald Shodeke has said during a courtesy to the Central Bank Governor that his group have an estimated Le168 billion loan portfolio, serving 114,937 clients of whom 70% are women. Explaining the activities undertaken by SLAMFI, the Chairman said that they share sector data[…]

Sierra Leone Business: MSino-Sierra Leone Cooperation brings more projects

Monday, April 1st, 2019
Sierra Leone Business: MSino-Sierra Leone Cooperation brings more projects

Acting Ambassador of Chinese Embassy in Sierra Leone Counselor Wang Xinmin has said that the China-Sierra Leone relationship has yielded some projects that will see the Maada Bio led government benefitting from development of the country. Mr Xinmin said when President Maada Bio took office he was passionate about working with China and today they[…]

Sierra Leone Business: Investment in agro-industry will save Salone economy

Monday, April 1st, 2019
Sierra Leone Business: Investment in agro-industry will save Salone economy

Minister of Agriculture and Food Security, Jonathan Joseph Ndanema, said in 2018 at the Agro-Tourism Festival in Bonthe Municipal Island that his ministry “was working on transforming agriculture into a business adventure capable of producing enough food for consumption and for export.” The minister’s statement, like similar ones made by previous ministers, captured the attention[…]

Sierra Leone Business: Salone services sector growth declined in 2018

Monday, April 1st, 2019

A new report issued by the United Nations Economic Commission for Africa (ECA) has revealed that activities in the services sector grew in all countries except Liberia and Sierra Leone in 2018, while Benin, Côte d’Ivoire, Ghana, Niger and Senegal benefited from buoyant markets for mineral and agricultural commodities and higher private consumption and public[…]

Sierra Leone Business: TEF announces 3,050 Entrepreneurs selected for 5th cycle of Entrepreneurship

Monday, April 1st, 2019

The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, Friday announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the 5th cycle of its $100million TEF Entrepreneurship Program. The announcement was made at the Transcorp Hilton Abuja, following a presentation of the selection process by Accenture[…]